UK fund management loses two of its greatest characters

The City of London has lost two of its most memorable investors, as Tony Dye, the former chief investment officer at Phillips & Drew, and Nils Taube, the UK's longest-serving fund manager, have died.

Taube built a solid reputation in global equity investments over his 60 year career, achieving compound annual returns of over 14% since 1969, managing money through the 1973 oil crisis, the 1987 stock market crash and the technology...